Tidewater

2017 Tidewater News

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07/13/17
Tidewater Announces Confirmation Of Plan Of Reorganization
NEW ORLEANS, July 13, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") today announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has confirmed the Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Tidewater and its Affiliated Debtors, originally dated May 17, 2017 and amended on July 12, 2017 and July 13, 20... 
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06/12/17
Tidewater Reports Fourth Quarter and Year End Results For Fiscal 2017
NEW ORLEANS, June 12, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE:TDW) announced today a fourth quarter net loss for the period ended March 31, 2017, of $94.9 million, or $2.01 per common share, on revenues of $160.7 million. For fiscal year ended March 31, 2017, the company's net loss was $660.1 million, or $14.02 per common share, on revenues of $601.6 million. For the prior fiscal year's fourth q... 
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05/19/17
Tidewater Receives Approval Of First Day Motions
NEW ORLEANS, May 19, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") today announced that the United States Bankruptcy Court for the District of Delaware has granted the relief requested by the Company in certain first day motions related to ordinary course business activities.  Among other things, the approved motions authorize the Company to pay prepetition employe... 
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05/17/17
Tidewater Commences Prepackaged Chapter 11 Cases Pursuant To Restructuring Support Agreement
NEW ORLEANS, May 17, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") announced today that it and certain of its subsidiaries (collectively with Tidewater, the "Debtors"), have filed voluntary petitions under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") to pursue a prepacka... 
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05/12/17
Tidewater Announces Entry Into Restructuring Support Agreement With Certain Lenders And Noteholders
NEW ORLEANS, May 12, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") has entered into a Restructuring Support Agreement ("RSA") with certain of its lenders under Tidewater's Fourth Amended and Restated Revolving Credit Agreement, dated as of June 21, 2013 (the "Credit Agreement") and holders of Tidewater Senior Notes due in 2017, 2018, 2019, 2020, 2021, 2022, 2023 an... 
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04/19/17
Tidewater Receives Continued Listing Standards Notice from the New York Stock Exchange
NEW ORLEANS, April 19, 2017 /PRNewswire/ -- On April 18, 2017, Tidewater Inc. (NYSE:TDW) (the "Company") was notified by the New York Stock Exchange ("NYSE") that the 30-trading-day average closing price per share of the Company's common stock was below $1.00, which is the minimum average share price required for continued listing under NYSE rules. As required by NYSE rules, no later than May 2... 
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04/05/17
Tidewater Agrees to Short-Term Waivers with its Lenders and Noteholders to Conclude Restructuring Discussions
NEW ORLEANS, April 5, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) has been in restructuring discussions with its principal lenders and noteholders regarding the company's various debt arrangements. Pending the resolution of those discussions, the company had previously received limited waivers from the necessary lenders and noteholders which waived compliance with certain debt covenants until ... 
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03/27/17
Tidewater Announces Expiration of Limited Waivers from its Lenders and Noteholders
NEW ORLEANS, March 27, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) announced today that the latest waiver of covenant default from its lenders and noteholders expired in accordance with its terms on March 27, 2017, without a renewal being sought by the company. Jeffrey M. Platt, President and Chief Executive Officer of the company, said, "Negotiations with our lenders and noteholders are pr... 
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03/13/17
Tidewater Receives Limited Waiver Extensions from its Lenders and Noteholders
NEW ORLEANS, March 13, 2017 /PRNewswire/ -- As previously reported, Tidewater Inc. (NYSE: TDW) has been in discussions with its principal lenders and noteholders to amend the company's various debt arrangements to obtain relief from certain covenants.  Pending the resolution of those discussions, the company had previously received limited waivers from the necessary lenders and noteholders which w... 
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03/03/17
Tidewater Receives Limited Waiver Extensions from its Lenders and Noteholders
NEW ORLEANS, March 3, 2017 /PRNewswire/ -- As previously reported, Tidewater Inc. (NYSE: TDW) has been in discussions with its principal lenders and noteholders to amend the company's various debt arrangements to obtain relief from certain covenants.  Pending the resolution of those discussions, the company had previously received limited waivers from the necessary lenders and noteholders which wa... 
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02/07/17
Tidewater Reports Third Quarter Results For Fiscal 2017
NEW ORLEANS, Feb. 7, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE:TDW) announced today a third quarter net loss for the period ended December 31, 2016, of $297.7 million, or $6.32 per common share, on revenues of $129.2 million. For the same quarter last year, net loss was $19.5 million, or $0.42 per common share, on revenues of $218.2 million. The immediately preceding quarter ended September 30, 20... 
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01/26/17
Tidewater Receives Limited Waiver Extensions from its Lenders and Noteholders
NEW ORLEANS, Jan. 26, 2017 /PRNewswire/ -- As previously reported, Tidewater Inc. (NYSE: TDW) has been in discussions with its principal lenders and noteholders to amend the company's various debt arrangements to obtain relief from certain covenants.  Pending the resolution of those discussions, the company had previously received limited waivers from the necessary lenders and noteholders which wa... 
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01/25/17
Tidewater Announces Earnings Conference Call
NEW ORLEANS, Jan. 25, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2017 third quarter (ended December 31, 2016) earnings conference call has been scheduled for Wednesday, February 8, 2017 at 10:00 a.m. Central time.  During the conference call, the Company will discuss the results for the quarter ended December 31, 2016, which are expected to be released on Febru... 
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